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A. Schulman, Inc. Retirement Plan


Plan Information

  • Plan Year09/01/2017 — 08/31/2018
  • Date of Plan09/01/1957
  • Net Assets as of 08/31/2018 $108,471,715
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 08/31/2018

  • Active (Eligible) Participants2,014
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits734
  • Subtotal2,748
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits12
  • Total2,760
  • Total number of participants as of 09/01/20172,368
  • Number of participants with account balances2,677
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address3637 Ridgewood Road
  • CityCopley
  • StateOH
  • Zip44321
  • Telephone(330) 666-3751
  • EIN34-0514850
  • Industry Code326100
  • Named AdministratorBecki Patterson Holmes
  • Named Plan SponsorBecki Patterson Holmes

Audit Information

  • Audit StatusAudited
  • AuditorBober, Markey, Fedorovich & Co.
  • Auditor EIN34-1523030
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $244,255
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $5,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? Yes
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? Yes


Income and Expense Statement

Income $21,581,230
Contributions $11,844,637
Cash Contributions $11,844,637
Cash from Employers $4,823,153
Cash from Participants $6,781,821
Others (including rollovers) $239,663
Noncash Contributions $0
Total Earnings on Investments $9,735,140
Total Interest $142,648
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $142,648
Interest from Other Investments $0
Total Dividends $845,562
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $515,565
Aggregate Proceeds $1,819,983
Aggregate Carrying Amount $1,304,418
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $1,804,103
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $6,427,261
Net investment gain (loss) from registered investment companies $1
Other Income $1,453
Expenses $8,149,897
Total Benefit Payments $7,911,809
Directly to participants or beneficiaries, including direct rollovers $7,911,809
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $40,385
Interest expense $0
Total Administrative Expenses $197,703
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $197,703
Net Income $13,431,333
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

08/31/2018 08/31/2017 Change YOY
Total Assets $108,471,715 $94,915,697 14.28%
Total noninterest-bearing cash $3 $10 -70.00%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $3,035,545 $2,700,359 12.41%
Value of interest in common/collective trusts $20,845,183 $19,133,732 8.94%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $84,590,984 $71,777,209 17.85%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $1,304,387 0.0%
Employer Securities $0 $1,304,387 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $108,471,715 $94,915,697 14.28%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Century Investments
  • American Funds
  • Diamond Hill Funds
  • Dodge & Cox
  • Federated
  • Jpmorgan
  • Mainstay
  • Baird
  • Pimco Funds
  • Vanguard

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Float revenue, Recordkeeping fees Service Provider $197,703 $0 $197,703
Total $197,703 $0 $197,703

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.



Name of Investment Investment Manager Type of Investment Dollar Value
Wells Fargo Stable Return Fund F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $9,019,899
W.F./Blackrock S&P 500 Index Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $6,063,116
Wells Fargo/Mfs Value Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $3,838,248
W.F./Blackrock S&P Midcap Ind Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $1,923,920
Total $20,845,183

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.